Latest News from IBI
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Brazilian builder raises $10m in second funding round for captive finance
NX Boats launched Brazil’s first boat-specific receivables fund in 2025
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Amer F100 superyacht sinks off Sardinian coast
The 29.9m yacht was reportedly delivered to its latest owner days before the incident
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Suzuki reports record Q1 revenues as marine sales rise
Marine segment revenues up 15% driven by strong demand in North America and Europe
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Caterpillar reports record quarterly revenues
The engine manufacturer posted record second-quarter sales and revenues, with its Power and Energy division reporting strong growth on higher volumes in North America and Asia-Pacific
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ExploMar partners with Lamdo on award-winning electric yacht
The eLY30+, powered by ExploMar’s WAVE 300 propulsion system, won a Gdynia Polboat Award in Poland last month
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Cape Town floating drydock tender opens door for superyacht repair expansion
TNPA is looking for a private operator to design, finance, construct, operate, and maintain a new floating drydock at the Port of Cape Town under a 25-year concession
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Monaco intensifies marine protection as yacht season reaches its height
Enhanced monitoring and awareness campaigns to protect its three marine areas
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Starlink demand drives solid Q2 for KVH
Q2 revenues jump 27% for US-based satcom service provider
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People on the Move this Week
New appointments at Interboot, Nautical Ventures, Sasga Yachts and more
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Yamaha Motor Canada appoints new marine division director
Connor Megan has spent the last decade with Yamaha Motor Corporation USA
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Honda reports record Q1 profits despite power products segment declines in North America
Honda has raised its full-year financial outlook following a strong first quarter, with higher revenues across several key business segments helping offset softer North American demand in its power products segment
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Fraser Yachts, Wheels Up to offer private jet-to-yacht luxury experiences
Partnership said to redefine luxury travel by making it a special experience
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Metstrain Early Bird fare deadline approaches
Delegates have until 1 September to secure a €115 fare for the dedicated London-Amsterdam journey to Metstrade 2026
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Yacht Havens creates new operations director role as group expands
The marina operator appoints long-serving executive to its Board as it looks to strengthen operations across its UK and European network; recruitment now underway for a new marina manager at Lymington Yacht Haven
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Nimbus gains nearly 43% in US market share among Scandinavian brands
Rising brand awareness and consumer demand for differentiated products beyond traditional categories are said to be driving growth
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Sacs Marine opens first Italian lounge
The Italian builder has partnered with Nautica Bertelli to launch its first Sacs Lounge, as it shifts towards direct customer model, combining its dealer network with selected local partners to strengthen owner support and after-sales services
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Littelfuse Q2 results exceed expectations
Carling Technologies parent reports 20% YoY revenue growth, 56% YoY gain in net income in strong second quarter
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Princess Yachts shifts to direct sales model in key Asian markets
The company will operate through a wholly owned Hong Kong subsidiary, ending its existing distributor arrangement in the territory
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Yachting NZ, Hospitality NZ launch yacht club support programme
The year-long pilot programme is the first of its kind between New Zealand’s sport and hospitality sectors
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ABYC promotes Brian Goodwin to standards and compliance VP
US recreational boating standards body expands senior leadership
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Yamaha announces record-setting revenues and profits in strong first half
Engine builder raises full-year guidance despite cost pressures, tariff impacts
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SAY Carbon Yachts opens Mallorcan hub
The German performance yacht builder has established the year-round base at Puerto Portals to support owners, dealers and prospective customers
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Ryds Boats partners with Kellox and Erling Sande to expand Nordic reach
The Swedish builder has formed a distribution partnership with two Norwegian Peak Invest subsidiaries to strengthen its presence across the region
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Sasga Yachts names new sales and marketing director
Jordi Ferrer returns to the marine industry to lead company’s global commercial strategy
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Baglietto linked with possible acquisition of TISG's La Spezia yard
Italian yacht builder is reported to be among potential parties interested in assets of financially troubled The Italian Sea Group
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Allen Brothers enters third generation of family ownership
UK sailing hardware manufacturer appoints Richard Allen managing director
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Smuggler Marine appoints new operations manager
Calvin Clements will oversee factory operations as the NZ builder expands its product range and amphibious vessel lineup
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Myers reports strong Q2
Higher revenues and profits highlight second quarter earnings for US plastics manufacturer
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Inventory control leads US dealers to higher margins on lower revenue
Two leading US boat retailers reported higher profit margins despite lower revenue in the fiscal third quarter, crediting strict inventory controls for their improved performance
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Autograph Yacht Group strengthens Fort Lauderdale team
US brokerage hires former superyacht captain with experience in new-build oversight, refit programmes and large-yacht sales
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Cummins raises 2026 guidance on record second-quarter sales
YoY growth across all operating divisions deliver second quarter results that exceed expectations for US engine builder
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Deutsche Yachten launches ‘Superyacht Thursday’ at boot Düsseldorf
The new one-day B2B format will bring together superyacht industry leaders for presentations, panel discussions and networking
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FHG Marine Engineering acquires Scott Marine Power
South Florida marine services group adds Fort Lauderdale-based propulsion specialist with MAN, Scania and Yanmar sales and service capabilities
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Sales, profits jump for Johnson Outdoors with strong Q3
Gains in fishing and diving segments offset decreases in watercraft recreation for US equipment manufacturer
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Nautitech appoints BFG Marine as exclusive Italian dealer
French catamaran builder appoints new Italian representative as it shifts towards lower-volume production focused on private owners
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Basque consortium to develop hydrogen-powered leisure boat
BASK-H2BOAT project will integrate fuel cell and battery propulsion in a lightweight vessel for recreational and coastal use
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Princess Yachts announces death of founder
David King founded Princess in 1965 and spent over six decades building it into one of the world’s most respected yacht manufacturers. In 2017, he was honoured with a Lifetime Achievement Award at the Boat Builder Awards for Business Achievement
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Temo’s Vannes facility destroyed by fire
The electric boat motor manufacturer says operations have been suspended at the site while it works to maintain business continuity
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Declining revenue, lawsuits lead FB Marine Group to file for bankruptcy protection
The Florida-based marine retailer and boat dealer reports US$1.7m in assets and US$2.6m in liabilities in bankruptcy petition
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Ancasta expands European network with new offices
The yacht brokerage and dealership group opens offices in Amsterdam and Montenegro as it targets growth in northern Europe and the Adriatic
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TISG launches formal investor search amid restructuring
Multiple potential investors have expressed interest in acquiring the troubled superyacht builder
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Q2 profits climb for Lippert Components despite lower revenues
Effective cost controls lead to higher earnings for US equipment manufacturer as it prepares to merge with competitor Patrick Industries
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Blackstone acquires MarineMax in US$1.5bn all-cash deal
The agreement ends the months-long bidding war between Blackstone and investment groups Donerail and Centerbridge
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Shadow-Caster hires EMEA sales manager
Ex-Lumishore sales lead Gina Tilsley joins marine LED lighting manufacturer to expand EMEA distributor and OEM networks
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Interboot appoints first female project manager
Zuzanna Sroda is taking over as head of Germany’s oldest water sports show
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President of Dominica prioritises marine tourism with plans for new marina
The proposed marina at Portsmouth will help expand Dominica’s marine tourism sector, attract more visiting yachts and support wider economic growth as part of the island’s blue economy strategy
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Spanish recreational boating market grows 6.8% in first seven months of 2026
Spain records 3,934 registrations as larger boats and charter activity drive continued market growth
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Nautical Ventures names new general manager
The leadership role is announced as the Vision Marine subsidiary expands its US retail and service operations
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Gulf Craft introduces latest version of the Nomad 70
The updated explorer yacht features refreshed styling, redesigned interiors and extended cruising capability
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US ambassador backs South African boat building during Robertson & Caine tour
Brent Bozell praises Robertson & Caine during Cape Town visit highlighting bilateral marine trade
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